Tech Rout Sweetens Top Trades

These four leaders of industry still boast strong fundamentals and enjoy favourable secular trends 

Vikram Barhat 17 March, 2021 | 4:28AM
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Microchip

As the concern over aggressive fiscal spending, the rapid reopening of the economy and a spike in inflation bubbled, jittery investors bailed or booked profit pushing Big Tech off a cliff, and creating some opportunities.

The selloff over the past couple of weeks broke the ongoing tech rally that pushed valuation to record highs. While the pullback pushed the Nasdaq into correction territory - defined as a drop from a recent peak of at least 10% - it created attractive openings for opportunistic investors.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,380.05 USD1.09Rating
Apple Inc145.85 USD1.69Rating
Netflix Inc590.65 USD3.06Rating
Tesla Inc751.94 USD1.70Rating

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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